Annual Report of the Bank for the Financial Year 2024-25
Awaiting price reaction for this filing.
Indian Overseas Bank (IOB), a Government of India undertaking, posted an all-time high net profit of ₹3,335 crore in FY25, up 25.56% from ₹2,656 crore in FY24. Total business crossed ₹5.62 lakh crore, growing 11.30% year-on-year, while global deposits rose 9.11% to ₹3,11,939 crore and gross advances grew 14.15% to ₹2,50,019 crore. The bank crossed the ₹1,000 crore net profit milestone in a single quarter (Q4 FY25) for the first time. Asset quality improved sharply with Gross NPA falling to 2.14% (from 3.10%) and Net NPA to 0.37% (from 0.57%). Capital Adequacy Ratio (CRAR) strengthened to 19.74% from 17.28%, ROA improved to 0.92%, and Cost-to-Income ratio improved significantly to 47.14% from 56.32%. MD & CEO is Shri Ajay Kumar Srivastava and Chairman is Shri Srinivasan Sridhar.
Strong all-round performance with record profits, improved asset quality, and healthy capital position is positive for shareholders and signals continued financial strength. The reduction in NPAs and improvement in cost efficiency should support sustained profitability going forward.